Monday, June 1, 2015

japanese yen diagonal is no more...... here are my new targets

June Japanese Yen
The june japanese yen has invalidated my ending diagonal count and im expecting a breakdown
to the 7935-7950 area. Intraday i will be watching for a motive wave with a five wave structure moving higher.  Lets see if we can hold this yen.


Sunday, May 31, 2015

Expanded flat in nat gas for wave 2?

Last week natural gas too another spill towards the low and as we have 5 waves up to around 3.15 we have 2 scenarios setting up. My first one and the one I'm going to follow as of now is an A B C expanded flat. With the c wave finishing on Friday last week. A gap open higher this evening and some sort of inside or doji candle would be a good start. Either way it's a low risk high reward trade.